CurveBeam AI (ASX:CVB) Days Inventory : 911.43 (As of Dec. 2023)

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What is CurveBeam AI Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CurveBeam AI's Average Total Inventories for the six months ended in Dec. 2023 was A$8.95 Mil. CurveBeam AI's Cost of Goods Sold for the six months ended in Dec. 2023 was A$1.79 Mil. Hence, CurveBeam AI's Days Inventory for the six months ended in Dec. 2023 was 911.43.

The historical rank and industry rank for CurveBeam AI's Days Inventory or its related term are showing as below:

ASX:CVB' s Days Inventory Range Over the Past 10 Years
Min: 863.26 Med: 863.26 Max: 1822.86
Current: 1822.86

During the past 3 years, CurveBeam AI's highest Days Inventory was 1822.86. The lowest was 863.26. And the median was 863.26.

ASX:CVB's Days Inventory is ranked worse than
96.9% of 774 companies
in the Medical Devices & Instruments industry
Industry Median: 193.465 vs ASX:CVB: 1822.86

CurveBeam AI's Days Inventory increased from Jun. 2022 (0.00) to Dec. 2023 (911.43). It might indicate that CurveBeam AI's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. CurveBeam AI's Inventory Turnover for the six months ended in Dec. 2023 was 0.20.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. CurveBeam AI's Inventory-to-Revenue for the six months ended in Dec. 2023 was 2.62.

CurveBeam AI Days Inventory Historical Data

The historical data trend for CurveBeam AI's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CurveBeam AI Days Inventory Chart

CurveBeam AI Annual Data

Trend

Jun21

Jun22

Jun23

Days Inventory

863.26

CurveBeam AI Semi-Annual Data
	Jun21	Dec21	Jun22	Jun23	Dec23
Days Inventory	-	-	-	-	911.43

Competitive Comparison of CurveBeam AI's Days Inventory

For the Medical Devices subindustry, CurveBeam AI's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CurveBeam AI's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, CurveBeam AI's Days Inventory distribution charts can be found below:

* The bar in red indicates where CurveBeam AI's Days Inventory falls into.

CurveBeam AI Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

CurveBeam AI's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0	+	8.661)	/	1 )	/	3.662	*	365
=	8.661					/	3.662	*	365
=	863.26

CurveBeam AI's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (8.661	+	9.238)	/	2 )	/	1.792	*	365 / 2
=	8.9495					/	1.792	*	365 / 2
=	911.43

CurveBeam AI (ASX:CVB) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

CurveBeam AI's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.792	/	8.9495
	=	0.20

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

CurveBeam AI's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.9495	/	3.418
	=	2.62

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

CurveBeam AI Days Inventory Related Terms

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CurveBeam AI (ASX:CVB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » CurveBeam AI Ltd (ASX:CVB) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

10?16 Queen Street, Level 10, Melbourne, VIC, AUS, 3000

Website

https://www.curvebeamai.com

CurveBeam AI Ltd is a manufacturer of specialized imaging equipment that has developed software that, through the use of artificial intelligence (AI), and deep learning AI (DLAI), automates the scan processing and analysis of the high-quality images produced from the Company's CT devices to assist in the clinical assessment and management of musculoskeletal health conditions, with a focus on orthopedic and bone health issues. The Company is the first to market with natural bilateral weight-bearing and non-weight-bearing CT, point-of-care imaging equipment with targeted proprietary AI solutions.

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